AgenciesMumbai: Fugitive diamond trader Nirav Modi's sister and her husband on Thursday approached a court here seeking cancellation of non-bailable warrants (NBWs) against them in the Punjab National Bank (PNB) fraud case. Purvi Modi, Nirav Modi's younger sister, is a Belgian national while her husband Maiank Mehta is a British citizen.
Both were earlier named as accused in the case, but last month the PMLA court here accepted their plea for turning approver (prosecution witness) in the case and getting pardon.
The couple, through their lawyers, filed applications before special Prevention of Money Laundering Act judge V C Barde, seeking cancellation of NBWs issued against them.
The court asked the Enforcement Directorate, the probe agency, to file a reply and posted the matter for hearing on February 11.
"Purvi Modi and her husband Maiank Mehta turned approver for assisting in confiscation of two flats in New York, one each in London and Mumbai, balances in two Swiss bank accounts and a bank account in Mumbai totalling Rs 579 crore in the Nirav Modi bank fraud case," the ED had said earlier.
Nirav Modi and his uncle Mehul Choksi, both declared fugitive, are accused of cheating the PNB of Rs 13,000 crore by fraudulently obtaining Letters of Undertaking (LoUs) from its Brady House branch in Mumbai.
LoUs are issued as bank guarantee to obtain credit from overseas institutions.
Nirav Modi, 49, is presently in a London jail after his arrest there in 2019, and the legal process to extradite him to India on money laundering charges is underway. Choksi is said to be living in Barbuda and Antigua.
Both were earlier named as accused in the case, but last month the PMLA court here accepted their plea for turning approver (prosecution witness) in the case and getting pardon.
The couple, through their lawyers, filed applications before special Prevention of Money Laundering Act judge V C Barde, seeking cancellation of NBWs issued against them.
The court asked the Enforcement Directorate, the probe agency, to file a reply and posted the matter for hearing on February 11.
"Purvi Modi and her husband Maiank Mehta turned approver for assisting in confiscation of two flats in New York, one each in London and Mumbai, balances in two Swiss bank accounts and a bank account in Mumbai totalling Rs 579 crore in the Nirav Modi bank fraud case," the ED had said earlier.
Nirav Modi and his uncle Mehul Choksi, both declared fugitive, are accused of cheating the PNB of Rs 13,000 crore by fraudulently obtaining Letters of Undertaking (LoUs) from its Brady House branch in Mumbai.
LoUs are issued as bank guarantee to obtain credit from overseas institutions.
Nirav Modi, 49, is presently in a London jail after his arrest there in 2019, and the legal process to extradite him to India on money laundering charges is underway. Choksi is said to be living in Barbuda and Antigua.
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2 Comments on this Story
 | M.L.GUPTA25 minutes ago Are these elements producing suicide bombers? The language of opposition leaders is disturbing and threatening because they are patronising ever anti-national law-breaker in the unnecessarily long farmers' agitation. These 3 laws will end the dynasty of some and blur their future political dreams, killing their dreams of seeing their incompetent prgeny as PM or CM. |
| Aruun 31 minutes ago It is so sorry state of affairs that our farmers are under the dark spell of anti-India forces working behind the scene. They are seen using all means to spike the discomfort amongst farmers in spite of SC has stayed farm laws to make way for talks. The unprecedented hatred is continuously being created by these dark elements. These anti-India elements are sowing seeds of fear in the minds of farmers to reap the harvest of hatred and violence in the land of Mahatma Gandhi. These trouble makers are harming our own brother security personnel who have got grievous injuries due to utmost restraint and control maintained by them. It is also sad and unfortunate that instead of talking and finding the peaceful solution the adamancy is fuelled by inflammatory speeches and instigation instead of cooling or bringing down the rising tempers. It is seen on media that some are sowing nails on the streets that could harm our people for no reason as the farm laws have already stayed and the committee is looking into it. |